BlackRock's usually dominant IBIT product ended its own 15-day, $3.8 billion inflow run, registering zero flows for the day.
Ethereum price started a fresh decline from the $2,520 zone. ETH is now back below $2,450 and struggling to stay above the $2,350 support. Ethereum started a fresh decline from the $2,520 level. The price is trading below $2,450 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,350 zone in the near term. Ethereum Price Trims Gains Ethereum price started a fresh decline from the $2,520 resistance, like Bitcoin. ETH price declined below the $2,500 and $2,450 levels to enter a short-term bearish zone. Besides, there was a break below a key bullish trend line with support at $2,450 on the hourly chart of ETH/USD. The pair even spiked below the $2,400 level. A low was formed at $2,373 and the price is now attempting to recover some losses. It climbed above the 23.6% Fib retracement level of the downward move from the $2,523 swing high to the $2,373 low. Ethereum price is now trading below $2,450 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,420 level. The next key resistance is near the $2,450 level. It is close to the 50% Fib retracement level of the downward move from the $2,523 swing high to the $2,373 low. The first major resistance is near the $2,465 level. A clear move above the $2,465 resistance might send the price toward the $2,520 resistance. An upside break above the $2,520 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,650 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,450 resistance, it could start a fresh decline. Initial support on the downside is near the $2,375 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward the $2,280 support. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,350 Major Resistance Level – $2,450
Institutional demand for Ethereum appears strong as spot exchange-traded funds (ETFs) have recorded seventh-straight week of inflows. US Ethereum Spot ETFs Have Recently Seen Continuous Inflows In a new post on X, the analytics firm Glassnode has shared an update on how the netflow related to the US Ethereum spot ETFs is looking. Spot ETFs are investment vehicles that allow investors to gain exposure to a given cryptocurrency without having to directly own tokens of it. Related Reading: Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming These ETFs trade on traditional platforms, so traders taking this route don’t have to bother with digital asset exchanges and wallets. For investors only familiar with the traditional mode, this fact can make the ETFs the preferrable mode of investment. The US Securities and Exchange Commission (SEC) approved spot ETFs for Ethereum in mid 2024, half a year after Bitcoin’s approval went through near the start of the year. Below is the chart shared by Glassnode that shows how the aggregate netflow has been like for the US ETH spot ETFs during the past few months. As is visible in the graph, the Ethereum spot ETFs saw outflows earlier in the year, but the trend has been different since the final third of April. Save for a week in May, a net amount of capital has been pouring into these investment vehicles. “As ETH rebounded from $2.2K to $2.5K, institutional appetite followed,” notes Glassnode. “Spot ETH ETFs recorded 106K ETH in net inflows last week – marking the 7th consecutive week of positive flows.” Ethereum isn’t the only cryptocurrency that has recently been enjoying ETF inflows. As the analytics firm has pointed out in another X post, the number one digital asset, Bitcoin, is also seeing demand pick up. As displayed in the above chart, Bitcoin has also been seeing a green netflow for the US spot ETFs, but due to a week of outflows in early June, the streak only stands at three weeks for the asset. During the latest week, around 15,000 BTC flowed into the ETFs. In USD terms, that’s equivalent to $1.6 billion. For comparison, inflows amounted to $258.6 million for Ethereum. Clearly, while both have seen demand, there is a clear difference of scale involved between the two. Related Reading: Dogecoin Under Pressure: Only Top 10 Coin Where Loss-Taking Exceeds Profit From the graph, it’s apparent that the US Bitcoin spot ETFs saw an acceleration of demand over the course of June. It only remains to be seen, though, whether the trend would keep up in this month of July. ETH Price Ethereum crossed the $2,500 level earlier, but it seems the coin has since faced a pullback as its price is back at $2,400. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Ethereum has stayed under the radar as Bitcoin grabs headlines. But new data shows long‑term holders have quietly built up a huge stash of ETH. This might set the stage for a big move when markets heat up. Related Reading: Insane Or Insightful? VC Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years According to on‑chain trackers, close to 30 million ETH is now sitting in wallets that have never spent a single coin. These so‑called accumulation addresses only take in Ethereum and don’t send any out. That’s an all‑time high for this group of holders. They’ve piled in even though Ether is trading far below its peak. Many of these investors seem to believe a rally is coming. $ETH on-chain activity is spiking. The sleeping giant is about to wake up! pic.twitter.com/1Pq6L0g5hH — Crypto Rover (@rovercrc) June 28, 2025 Rising Hoards Signal Confidence The pace of ETH going into cold wallets has shot up sharply over the past few months. It’s a bigger build‑up than in past cycles. If history is any guide, that sort of move usually precedes a price surge. Long‑term holders often buy early and hold tight before a big run. This kind of confidence from big players can spark wider interest. Network Traffic Hits Peak Based on reports, daily transactions on Ethereum just topped 1,500,000. That’s the most since early 2023. A rise in on‑chain transfers often points to more users, more apps and more trading. When people send coins or use smart contracts, they fuel network fees and show real demand. High activity can pull in more traders looking to catch the next wave. Technical Barriers Remain ETH is trading near $2,460 and it hasn’t cleared two key hurdles yet. The 50‑day moving average sits just above price, as does the 200‑day line. Those are tough barriers for any asset. Momentum tools aren’t screaming “buy” yet, either. The RSI sits around 49 and the MACD has flattened out after a stretch of weak readings. On‑balance volume is low, which means big buyers are still cautious. Related Reading: Crypto Bombshell: Developer Claims XRP Could Hit $20,000 What Comes Next For ETH? Even with strong on‑chain signs, price needs to break past $2,600 before bulls can charge ahead. If Ethereum can push through that level, the road to $3,000 would look clear. Traders will watch for volume spikes and a steady move above those moving averages. If it fails, the big holders could be stuck on the sidelines, holding bags that lose value. Featured image from Unsplash, chart from TradingView
ETH fell to $2,418, down 3.3% in 24 hours, as traders failed to defend support near $2,460 during high-volume selling.
The altcoin market has followed Bitcoin (BTC) in midterm weakness, amid historical demand from institutional investors. The crypto market cap declined by around 4 percent in the past 24 hours to hover about $3.366 trillion on Tuesday, July 1, during the mid-North American trading session. Amid the midterm crypto bearish outlook, on-chain data analysis shows …
Altcoin treasuries can serve as a provisional means of asset exposure as formal approvals for ETFs and staking have yet to arrive.
CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance are showing strength that could benefit ETH in the near term, with $2,800 marked as the next major resistance. Mixed Signals Across Ethereum Key Timeframes In the post, CRYPTOWZRD pointed out a mixed close for Ethereum across key timeframes. While the monthly candle ended indecisively, signaling some short-term hesitation, the quarterly candle closed with strong bullish conviction. This, he suggests, sets the stage for more upward movement in the coming months as higher timeframes begin to assert dominance. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds He emphasized that today’s daily candles for both ETH and ETHBTC closed similarly indecisive, reflecting the current uncertainty in the market. However, with Bitcoin dominance starting to decline, he sees potential for ETHBTC to pick up strength, which could, in turn, fuel Ethereum’s next leg up. According to CRYPTOWZRD, ETHBTC is already showing signs of life, moving upward from a monthly double-bottom formation. He believes that clean, bullish candles forming from the 0.02270 BTC region would inject fresh momentum into Ethereum, helping to drive it toward the $2,800 resistance, a key level on the radar. He added that unless any negative fundamental developments occur, $2,400 remains Ethereum’s main daily support zone. As long as this holds, the broader structure remains intact, and the bullish thesis stays valid. Looking ahead, CRYPTOWZRD plans to keep his attention on the lower timeframes tomorrow. With volatility in play and setups brewing, he’ll be watching closely for quick scalp opportunities as Ethereum navigates through this critical range. Waiting On Chart Confirmation For The Next Intraday Move In his closing remarks, the analyst noted that Ethereum’s intraday chart experienced heightened volatility throughout the day. Despite the choppy price action, he sees clear setups forming that could present solid trading opportunities in the near term. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent A decisive breakout and close above the $2,550 resistance level would be a strong bullish signal, potentially opening the door for a long entry. On the flip side, if the price pulls back toward the $2,380 support and forms a bullish reversal pattern, that too could serve as a valid trigger for a long position. With these scenarios in mind, the analyst plans to closely monitor the intraday chart. His focus will be on spotting a clean and high-quality setup, one that aligns with price structure and momentum to time the next scalp trade effectively. Featured image from Getty Images, chart from Tradingview.com
The foundation's mandate is to support the institutional adoption of Ethereum infrastructure and, ultimately, boost the price of ETH.
Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on the role of chairman of the board at BitMine Immersion Technologies, a Bitcoin mining company now setting its sights on becoming the largest publicly traded holder of Ethereum (ETH). Tom Lee Appointed Chairman At BitMine Lee’s appointment comes alongside an ambitious plan to raise $250 million in a private placement aimed at implementing a strategy that positions Ethereum as the primary treasury reserve asset, while still maintaining its core Bitcoin mining operations. This initiative reflects a growing trend within the financial services sector, where the convergence of traditional finance and cryptocurrency is gaining momentum, further highlighted by President Trump’s decision to establish a strategic crypto reserve. Related Reading: Solana Forms Bullish Flag On Daily Chart — Breakout Imminent? Lee highlighted this shift during an appearance on CNBC’s “Squawk Box,” stating, “The financial services industry and crypto are converging, and it really started with stablecoins.” Lee likened stablecoins to the “ChatGPT of crypto,” emphasizing their widespread adoption among consumers, businesses, and financial institutions, including major players like Visa. Interestingly, stablecoins have gained a major victory in Congress last week with the passage of the GENIUS Act which aims to provide a new regulatory framework for these crypto assets. Transforming Into An Ethereum Treasury Powerhouse According to Lee, Ethereum serves as the foundational architecture for stablecoins, making it crucial for BitMine to accumulate ETH in order to influence and secure its position within the network. The company’s strategy will include monitoring the value of Ethereum held per share as a key performance metric, akin to Strategy’s (previouisly MicroStrategy) well-known “BTC Yield” metric for Bitcoin. During his interview, Lee explained that BitMine plans to enhance the value of ETH per share through reinvestment of cash flows, capital market activities, and the appreciation of Ethereum itself. As more companies explore treasury management strategies beyond Bitcoin, BitMine is not alone in its pivot. It joins other firms like SharpLink Gaming, which initiated its own Ethereum treasury strategy earlier this year, and DeFi Development, which is focusing on Solana. Related Reading: Wave 3 Ignites As XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’ This announcement sparked a major surge for the Bitcoin mining company which started the day with a market capitalization of just $26 million. However, following Lee’s interview, the number skyrocketed beyond the $200 million mark. BitMine’s stock, trading under the ticker name BMNR, also saw a major surge on Monday closing the day at $33.90 per share. According to Yahoo Finance data, this means a nearly 700% surge for the mining firm’s shares. On the other hand, Ethereum has retraced 1% below the key $2,500 level in the 24-hour time frame to its current price of $2,470 per token. Featured image from DALL-E, chart from TradingView.com
Nearly three years after the Merge formally switched Ethereum to proof-of-stake on 15 September 2022, a publicly listed Bitcoin miner is adopting the network’s native token as its primary treasury asset. BitMine Immersion Technologies (NYSE American: BMNR) on 30 June priced a $250 million private placement of 55,555,556 new shares at $4.50 each and appointed Fundstrat co-founder Tom Lee as chairman. The company’s SEC filing and press release make the purpose explicit: all net proceeds will be used to acquire and stake ether, a move management likens to Michael Saylor’s now-legendary Bitcoin strategy at MicroStrategy. Tom Lee Goes Full MicroStrategy On Ethereum Speaking hours later on CNBC’s Squawk Box, Lee framed the pivot as a logical response to the explosive growth of stablecoins, most of which settle on Ethereum. “Stablecoins, which is the ChatGPT of crypto, because it’s viral adoption by consumers, businesses, banks and now even Visa,” he said, underscoring why a treasury heavy in ETH could become strategically indispensable. Ethereum’s proof-of-stake design means that large holders who validate blocks “secure the fidelity of stablecoins,” Lee continued. “When Goldman issues a stablecoin and JP Morgan [issues] it on Ethereum as a layer-one blockchain, they’re going to want to secure it by staking Ethereum.” Related Reading: Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs Lee tied the long-term upside to macro numbers the US Treasury itself has started to cite. Stablecoins today hover around $250 billion; Treasury Secretary Scott Bessent recently suggested the figure could hit $2 trillion—a potential ten-fold expansion that, in Lee’s words, would “insure dollar dominance.” Because Ethereum already underpins more than half of stable-value tokens, a multi-trillion-dollar stablecoin market would translate directly into rising transaction fees for the network and, by extension, higher staking rewards for BitMine’s planned validator clusters. The private-placement syndicate reads like a who’s-who roster from both TradFi and crypto: MOZAYYX led the round, joined by Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, Digital Currency Group, Diametric Capital and Occam Crest. Closing is expected on or about 3 July, subject to NYSE American approval. BitMine, headquartered in Las Vegas, will immediately deploy the ETH position into staking, giving the miner a yield-bearing balance-sheet asset while reinforcing Ethereum’s security budget. “One of the key performance metrics for BitMine going forward is to increase the value of ETH held per share,” chief executive Jonathan Bates said in the statement. For investors, the comparison with MicroStrategy is unavoidable but imperfect. Saylor’s company amassed bitcoin under a proof-of-work regime that offers no native yield; BitMine’s ether can generate income through both staking rewards and potential capital-markets transactions collateralized by those staked coins. Related Reading: Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation Yet both strategies share a central bet: that a scarce digital asset sitting at the core of global finance will appreciate faster than cash alternatives on a corporate balance sheet. Whether BitMine achieves MicroStrategy-level returns will depend on execution, regulatory clarity for staking, and—most of all—Ethereum’s price path. What is clear, however, is that corporate treasuries are beginning to see ether not merely as “gas” for decentralized applications but as a strategic reserve asset in its own right. From a market-structure vantage, the new treasury model could translate into meaningful price torque for Ether if it scales. MicroStrategy’s serial purchases have now absorbed nearly 600,000 BTC—around 2.8 percent of the 21 million-coin cap—and coincided with Bitcoin’s ascent from roughly $11,000 in August 2020, when the company made its first buy, to more than $107,000 today, a near-ten-fold move. BitMine’s opening salvo—$250 million, or about 100,000 ETH at current prices—represents barely 0.08 percent of Ethereum’s 122 million-coin supply, yet roughly 28 percent of that supply is already locked in staking contracts while net issuance has turned negative post-EIP-1559, shrinking the freely tradable float. If even a handful of additional balance sheets emulate this “ETH-as-reserve” playbook, the resulting demand shock could replicate the supply-squeeze dynamics that propelled Bitcoin into six-figure territory. At press time, Ether traded at $2,459. Featured image created with DALL.E, chart from TradingView.com
June 2025 was a landmark month for US spot Bitcoin and Ethereum exchange-traded funds (ETFs), as they collectively secured nearly $6 billion in fresh inflows. This impressive performance marks one of their strongest showings this year, reflecting heightened institutional interest in crypto. According to SoSoValue data, Bitcoin-focused ETFs attracted the lion’s share of the funds, […]
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Bitwise reiterated its call for BTC to hit $200,000 by the end of 2025, but is not so sure new highs for ETH and SOL are on the cards.
The crypto market cap today has nudged up 0.42% to $3.3 trillion, reflecting a cautiously optimistic stance from investors. The Fear & Greed Index stands at 50, signaling neutrality after a month of volatility. While trading volume rose by 13.08% to $99.85 billion, key assets like Bitcoin and Ethereum remain range-bound. XRP, on the other …
The ongoing streak of daily inflows into Bitcoin ETFs comes as BTC lingers less than 5% below its all-time high of $112,000.
Ethereum currently has strong support at $2,200, but one analyst has pointed out that if the level fails, the next region to watch could be $1,160. On-Chain Data Shows Strong Ethereum Demand Zone Near $2,200 In a new post on X, analyst Ali Martinez has talked about where support lies for Ethereum based on on-chain data. In on-chain analysis, levels are considered as major support/resistance zones if they host the cost basis or acquisition level of a significant part of the ETH supply. The reason behind this lies in the fact that investors are more likely to show some kind of reaction when the retest of their break-even level takes place. This buying/selling is irrelevant to the wider market if only a few holders are having it tested at once, but the story can be different when the retest is of the cost basis of a large amount of them. Related Reading: Dogecoin Under Pressure: Only Top 10 Coin Where Loss-Taking Exceeds Profit Below is the chart shared by the analyst that shows how the different price levels around the current Ethereum spot price are currently looking in terms of the amount of supply that was purchased at them. In the graph, the size of the dot corresponds to the amount of Ethereum supply contained within the associated price range. It would appear that, out of the ranges listed, the $2,218 to $2,396 levels currently have the largest dot, meaning that they host the most supply. More specifically, this range has the cost basis of 6.28 million addresses, who purchased a total of 67.2 million ETH at its levels. Given this fact, it’s possible that should a retest of the range occur, investors could show a strong reaction. But what kind of reaction would it be, buying or selling? Well, these investors are in profit right now and usually, such holders are more likely to double down on the asset during declines to their acquisition mark, as they may believe the same price level would turn out to be profitable again in the future. As such, the $2,218 to $2,396 range could end up acting as a strong support level for Ethereum. In the scenario that ETH falls below the lower end of the range around $2,200, however, it may have to rely on support elsewhere. Related Reading: XRP Down 3% After SEC Settlement Stalls, But Social Media Turns Bullish From the chart, it’s apparent that all the ranges below are much smaller in terms of supply. The next major support zone lies all the way down at $1,160, where 35.9 million addresses acquired 21.58 million tokens. Naturally, Ethereum doesn’t have to slip right through to this zone if $2,200 is lost, but if the data is to go by, it does suggest that the coin could have a harder time regaining footing below it. ETH Price Ethereum is holding above the on-chain demand zone for now as its price is floating around $2,475. Featured image from Dall-E, Sentora.com, chart from TradingView.com
Ethereum price started a fresh increase above the $2,485 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the $2,465 level. The price is trading above $2,460 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,400 zone in the near term. Ethereum Price Eyes Fresh Gains Ethereum price started a fresh increase above the $2,440 support level, like Bitcoin. ETH price was able to clear the $2,460 and $2,480 resistance levels to move into a positive zone. The bulls even pushed the price above the $2,500 zone. However, the bears were active near the $2,520 level. A high was formed at $2,522 and the price is now consolidating gains. The price dipped below the 23.6% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. Ethereum price is now trading above $2,460 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,450 on the hourly chart of ETH/USD. It is close to the 76.4% Fib retracement level of the upward move from the $2,435 swing low to the $2,522 high. On the upside, the price could face resistance near the $2,520 level. The next key resistance is near the $2,550 level. The first major resistance is near the $2,600 level. A clear move above the $2,600 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,520 resistance, it could start a fresh decline. Initial support on the downside is near the $2,450 level and the trend line. The first major support sits near the $2,420 zone. A clear move below the $2,420 support might push the price toward the $2,400 support. Any more losses might send the price toward the $2,350 support level in the near term. The next key support sits at $2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,520
Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday swings, reflecting growing tension between bullish momentum and cautious sentiment. Analysts are now calling for a decisive move, with some expecting a breakout toward higher levels, while others warn of a possible correction if key demand zones fail to hold. Related Reading: Bitcoin Struggles Below ATH After Weeks Of Failed Attempts – $109K Level In Focus On one hand, ETH has shown strength by holding above its short-term support range, suggesting that buyers are stepping in with confidence. Bullish momentum appears to be building, especially as macro sentiment around risk assets begins to recover. On the other hand, opposing views point to weakening volume and lingering macroeconomic risks, which could trigger a deeper retracement if Ethereum fails to sustain current levels. Adding weight to the bullish case is fresh data from CryptoQuant, which highlights a strong accumulation pattern among long-term ETH holders. According to the data, significant buying pressure emerged during the recent consolidation phase, with hodlers steadily increasing their positions. This divergence between price action and accumulation behavior suggests that foundational support for Ethereum remains intact, even as traders await the next major move. Ethereum Accumulation Builds And Market Awaits Breakout Ethereum is struggling to reclaim the $2,500 level, but its ability to hold steady amid ongoing market uncertainty is a sign of underlying strength. For weeks, ETH has traded within a well-defined range between $2,200 and $2,800, with neither bulls nor bears able to take decisive control. This prolonged consolidation has delayed the long-anticipated altseason, which many believe will only begin once Ethereum breaks above key resistance and pushes into higher territory. Despite the lack of clear direction, the macro setup is becoming increasingly interesting. Global markets remain volatile, with shifting interest rate expectations, geopolitical risk, and unpredictable liquidity conditions creating mixed signals across risk assets. Yet Ethereum continues to hold firm, supported not just by technical structure but also by significant long-term holder activity. According to insights from CryptoQuant, a strong accumulation pattern has been detected among Ethereum holders. During the June consolidation phase, long-term investors steadily increased their positions, even as price action remained choppy. This divergence between price and accumulation volume signals growing confidence under the surface. When price consolidates while demand builds, the result is often explosive. With ETH holding key support levels and long-term accumulation rising, the stage may be set for a major move. If Ethereum can push through $2,500 and reclaim higher ground, it could serve as the ignition point for a broader altcoin rally. Until then, the market remains in a state of quiet buildup. Something big is coming—and Ethereum is at the center of it. Related Reading: Ethereum Sees $269M In Net Inflows In 24H – Bullish Momentum Accelerates ETH Struggles With Resistance Amid Mixed Signals Ethereum is currently trading at $2,470 after failing to hold intraday gains above the $2,500 level. The 12-hour chart shows ETH consolidating within a broader range, with $2,200 acting as strong support and $2,800 as key resistance. Despite several bullish attempts, Ethereum has struggled to reclaim higher ground, and the rejection near the 100-period SMA (green line at $2,537) signals persistent selling pressure near resistance. The price is currently trading above the 200 SMA ($2,170) and just under the 50 SMA ($2,507), which now acts as a short-term resistance. This tight positioning of moving averages suggests ETH is at a decision point—either it breaks through $2,500 to target $2,600 and higher, or it risks rolling over if bulls fail to hold momentum. Related Reading: ONDO Breaks Out Of Ascending Channel – Analyst Sets $0.29 Target Volume remains relatively flat, indicating indecision. The overall structure still favors a neutral-to-bullish bias, especially if price continues to close above the 200 SMA. However, a breakdown below $2,400 would increase the risk of a retest of the $2,200 support zone. Featured image from Dall-E, chart from TradingView
Ether rose 3.5% in 24 hours amid record ETF inflows, rising staking, and Robinhood's Arbitrum-based Layer-2 plans.
Crypto stayed flat in a volatile first half of the year thanks to bitcoin. Meanwhile, Ethereum's ETH, Solana's SOL and small caps endured steep losses.
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past 24 hours. The altcoin, which is used by one of the top layer Two (L2) networks for Ethereum (ETH), gained over 6 percent in the past 24 hours to trade about $0.3412 on Monday, June 30, during the mid-North American …
The XRP Ledger (XRPL) has launched its Ethereum Virtual Machine (EVM) sidechain on the mainnet, according to a June 30 announcement. The sidechain would allow developers to create, port, and deploy Ethereum-compatible decentralized applications (dApps) within the XRPL ecosystem. The XRPL EVM sidechain is built to be fast and secure and is connected to the […]
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The tokenized versions of U.S.-listed stocks and ETFs will first be available to EU users and issued on Arbitrum, with future plans to deploy them on on Robinhood's own blockchain.
As the Ethereum price approaches Q3, it has shown a notable 3% increase, surpassing the crucial $2,500 mark before stabilizing at $2,470. This upside coincides with an optimistic upgrade to Ethereum’s validator architecture. This is aimed at enhancing both security and decentralization, and to address ETH-staking problems by an “active-active” architecture. A key player in …
Among investors in the share offering were Founders Fund, Pantera, and FalconX.
Crypto investment products recorded $2.7 billion in net inflows last week, according to CoinShares’ latest report. This marks the eleventh consecutive week of positive flows, bringing the streak of inflows to $16.9 billion and helping push the year-to-date total to $17.8 billion. The sustained inflows helped push total assets under management for crypto investment products above $184 […]
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New board chair Tom Lee bets Ethereum will benefit most from an expected boom in stablecoin transactions, which will uplift BitMine's value.
The XRPL EVM Sidechain opens up new Ethereum-compatible decentralized application use cases for the XRP Ledger ecosystem.
Ethereum is back in the game as the price showed some strong upward movement today. After a few slow sessions, ETH bounced back and managed to retest the week’s previous high. At the same time, more than 35 million ETH is now staked, that’s almost 30% of the total supply locked away, reducing the amount …
As the market’s second largest cryptocurrency, Ethereum (ETH), struggles to maintain momentum above the crucial $2,500 threshold, one analyst believes that ETH is poised for a significant rally. In a recent post on social media platform X (formerly Twitter), crypto analyst Cyclop expressed a bullish outlook, labeling the current market conditions as the best long setup for Ethereum he has seen in years. Analyst Sees $4,000 Target This Summer Cyclop highlighted that Ethereum short positions have reached all-time highs, a situation reminiscent of a previous spike that occurred just weeks ago. The analyst noted that liquidity has been swept on both sides, creating a scenario where market uncertainty may actually benefit Ethereum. “Most doubt ETH and altcoins right now—I’m betting on $4,000 this summer,” he stated confidently. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready For Rebound To $0.21 Cyclop outlined several key factors driving his optimistic stance. First, he pointed to the recent Pectra update, which has reinvigorated interest in Ethereum by enhancing transaction capabilities, updating security features, and improving staking options. This update has reportedly led to increased demand, contributing to a potential price surge. Moreover, Cyclop emphasized the broader macroeconomic landscape, noting that cryptocurrency adoption is accelerating beyond Bitcoin (BTC), with Ethereum taking a prominent role. The analyst suggests that major corporations and banks are beginning to purchase and stake Ethereum, further boosting trust and interest in the digital asset which could ultimately result in more demand and more price uptrends. Ethereum Rallies May Trigger Altcoin Boom On-chain metrics also favor Ethereum, with the cryptocurrency ranking highly in various categories, according to Cyclop. It currently stands as the second-highest by fees, leads in bridged net flows, and ranks third in stablecoin supply changes, showcasing its robust market position. Another critical aspect of Cyclop’s analysis concerns altcoins and the upcoming altseason, traditionally characterized by a rush of investment into Ethereum before spilling over into smaller tokens. He pointed out that historical patterns indicate that Ethereum price rallies often trigger broader altcoin surges, and the current market sentiment suggests that many altcoins are at their lowest ebb. Related Reading: Dogecoin Silent Build-Up: Double Bottom Hints At Explosive Move To $0.47 While Cyclop acknowledges that a majority of altcoins may face significant challenges, he argues that ETH remains undervalued, especially with Bitcoin trading near $100,000. He has made strategic moves, reallocating some of his Bitcoin holdings into Ethereum and promising strong altcoins. His initial target for Ethereum is $3,000, where he plans to take profits, followed by a series of sell orders between $4,000 and $6,000. As of press time, ETH trades at $2,500, a 12% price increase in the weekly time frame. Featured image from DALL-E, chart from TradingView.com